ChromaDex Corporation (CDXC) shares are trading at higher $5.14 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $7.06.
To add more color to this target, the company’s high over the last year is $5.80 and the low is $2.50. Over the last 52 weeks, CDXC is down -11.38% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CDXC reported a profit of $9.09 million. ChromaDex Corporation also saw revenues increase to $15.29 million. In addition, CDXC has free cash flow of -$6.88 million as of 06-2020. The company’s EBITDA came in at -$3.41 million which compares well with its peers.
CDXC booked profit margins of -46.90%, its Return on Equity (ROE) is -119.80%, and its Return on Assets is -63.80%. All told, it is clear that, CDXC needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CDXC has a short ratio of 7.70 and outstanding shares of 60.91M.
CDXC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.25 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.43. ChromaDex Corporation CDXC also noted assets of $41.99 million at the end of the last quarter. Investors should also keep an eye on sector updates as CDXC has historically followed its peers on positive news.
All told, ChromaDex Corporation CDXC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CDXC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
ChromaDex Corporation CDXC is now commanding a market cap of 320.07M and a float of 36.76M. CDXC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CDXC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CDXC, either long or short, and we have not been compensated for this article.